Global public utility for Supply Chain and Trade Finance.

IOUze is a blockchain based platform for confidential sharing and management of financial obligations - increasing efficiency, transparency and trust in supply chain networks.

Ideal for individuals, SMEs and large Enterprises.

Despite the differences across supply chains, from complex global trade to the everyday use cases of the individual, they all share the same heavy burden of tracking invoices, payments, disputes and financial reporting. IOUze allows parties to manage the lifecycle of proposing and agreeing these obligations securely and efficiently. Using this decentralised and confidential data, IOUze has rich applications that remove friction and risk from financial transactions.

Individuals

Simplify the management of your personal financial obligations and build a private transaction history on IOUze. The history can be used to derive a more accurate, private and fair credit rating, and access to cheaper credit.

SMEs

IOUze injects liquidity into a supply chain, reducing the funding gap that exists for SME's. Access to affordable capital will allow smaller participants to compete, innovate, and invest back into their business. They can track inventory, manage their supply chain and reduce fraud without complex, traditional ERP systems.

Enterprises

The lines between industries are blurring and supply chains are getting more complex and interconnected. The IOUze platform enables agile, more autonomous and responsive supply chains, allowing large enterprises to iterate quickly, increase competitiveness and reduce fraud.
IOUze has integration designed into its core, making enterprise adoption simple and incremental. A rapid distributed application development framework is included in the IOUze platform, further simplifying enterprise adoption without complex change projects.

Government, municipalities and parastatals.

IOUze reduces opportunities for bribery, bid rigging, collusion, fraud and other schemes with transparent invoicing and payment matching. Participants can bill suppliers in a timely and accurate fashion with stringent internal approval processes.

Why IOUze?

Fundamentally, the problems in financial records are caused by all actors needing to maintain their own private ledgers, with no accepted method to share or reconcile these records. In modern supply chains the result is an interwoven web of siloed data leading to inefficient and costly processes that prevent the emergence of frictionless digital transactions.

Secure and Confidential platform

that is immutable and resilient. Share your private data with authorised participants only. Make provable claims without revealing the actual data, based on zero knowledge proofs.

Supply Chain Optimisation

through transparency, transformed data and value sharing that delivers financial efficiencies. Increase liquidity in your supply chain in a number of significant ways.

Drastically reduce Reconciliation effort

with single source of truth. Immutable, shared chronological history of events and agreed data definitions simplify dispute resolution when necessary.

Eliminate Data Silos

with a single shared version of the truth.

The IOUze protocol controls how information about financial obligations are recorded, managed and stored on a shared ledger. All parties to a transaction have a single, shared version of the truth.

Only the parties to each transaction (and those they authorise, such as auditors and regulators) have visibility of the transaction, making the platform private, secure and verifiably correct.

Transactions are loosely called IOUs. They are characterised by a lag between an agreement to transact and the payment being made. We are essentially, tracking Who owes what to whom. Globally, tens of trillions of dollars of commerce follow this type of transaction.

An IOU defines the contract between a debtor and creditor for a future payment related to a delivered product or service. It is immutable, allows for multiple parties to sign against their obligations and to control the rules for payment.

The IOUze platform provides

Simplified supply chain management

Track inventory and manage your supply chain without complex, traditional ERP systems.

Simplified and more secure payment processing

Simple & efficient financial accounting and MIS

Reduced Fraud opportunities

"Recent data from the IFC (World Bank) indicates that the size of the financing shortfall is in excess of $2 trillion, and suggests that an estimated one-half to two-thirds of formal MSMEs lack proper access to finance. This financing constraint appears to be more pronounced for women-owned enterprises."

Liquidity Management & Working Capital

Participants in a supply chain have conflicting liquidity requirements, which often means that resources are inefficiently allocated. Currently this funding gap is resolved by banks through expensive overdrafts or loans. Financial institutions and large corporates are not always prepared to deal with smaller suppliers. IOUze provides efficient access to cheaper working capital in a number of ways.

IOUze Marketplace

Because all obligations between a large number of participants are on one network, the marketplace can find multi-lateral ways to optimise liquidity for maximum benefit. This can be achieved by netting obligations, or by finding the lowest margin options to transfer liquidity between participants. This is typically done by trading IOUs in the marketplace, where it is simple to verify they have been validated by the relevant debtors. The pricing of these IOUs relies on an accurate method to measure creditworthiness or credit reputation.

Credit Reputation

Because all participants on IOUze create a private history of their ability to pay against their obligations, it is possible to measure credit risk more efficiently than traditional credit bureaus. CPAs can also attest to financial information about participants such as their balance sheet size, turnover and revenue. None of this sensitive data needs to be disclosed to be able to prove a credit score. This is achieved through Zero Knowledge Proofs. This is a radical improvement in accuracy, efficiency and privacy over current models to assess creditworthiness.